- CUSIP
- 47103U845
- Issuer
- Janus Henderson
- Inception Date
- Oct 16, 2020
- Region
- North America (U.S.)
- Category
- CLO
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $28B
Share Price Chart
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Performance
JAAA Performance Chart
Janus Henderson AAA CLO ETF (JAAA) is up 2.1% since the beginning of the year. JAAA is currently trading at $51 per share. Investors who bought $1,000 worth of JAAA shares 5 years ago would now be looking at an investment worth $1,265.
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Returns By Period
Janus Henderson AAA CLO ETF (JAAA) has returned 2.09% so far this year and 5.12% over the past 12 months.
Janus Henderson AAA CLO ETF
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 2.09%
- 6M
- 2.37%
- 1Y
- 5.12%
- 3Y*
- 6.59%
- 5Y*
- 4.82%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
JAAA Monthly Returns History
Based on dividend-adjusted daily data since Oct 19, 2020, JAAA's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 87% of months were positive and 13% were negative. The best month was Nov 2022 with a return of +1.5%, while the worst month was May 2022 at -1.8%. The longest winning streak lasted 34 consecutive months, and the longest losing streak was 2 months.
On a daily basis, JAAA closed higher 59% of trading days. The best single day was Aug 5, 2022 with a return of +0.6%, while the worst single day was Apr 10, 2025 at -1.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.54% | -0.19% | 0.38% | 0.70% | 0.43% | 0.22% | 2.09% | ||||||
| 2025 | 0.65% | 0.15% | 0.04% | 0.14% | 0.91% | 0.44% | 0.52% | 0.48% | 0.36% | 0.37% | 0.42% | 0.58% | 5.16% |
| 2024 | 0.68% | 0.66% | 0.60% | 0.63% | 0.82% | 0.41% | 0.63% | 0.50% | 0.49% | 0.58% | 0.62% | 0.58% | 7.43% |
| 2023 | 1.30% | 0.42% | -0.33% | 0.98% | 0.33% | 0.87% | 1.31% | 0.71% | 0.53% | 0.39% | 0.89% | 0.88% | 8.59% |
| 2022 | 0.20% | -0.23% | -0.16% | 0.30% | -1.77% | -0.52% | 0.67% | 0.34% | -0.18% | -0.22% | 1.46% | 0.64% | 0.49% |
| 2021 | 0.21% | 0.42% | 0.02% | 0.02% | 0.07% | 0.10% | 0.20% | 0.11% | 0.08% | 0.09% | 0.04% | 0.02% | 1.39% |
Benchmark Metrics
Janus Henderson AAA CLO ETF has an annualized alpha of 4.32%, beta of 0.02, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since October 19, 2020.
- This ETF captured 9.19% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.40%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.32%
- Beta
- 0.02
- R²
- 0.03
- Upside Capture
- 9.19%
- Downside Capture
- -7.40%
Expense Ratio
JAAA has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
JAAA ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Janus Henderson AAA CLO ETF (JAAA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JAAA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.16 | ||
| Sortino ratioReturn per unit of downside risk | +7.59 | ||
| Omega ratioGain probability vs. loss probability | 2.79 | 1.37 | +1.42 |
| Calmar ratioReturn relative to maximum drawdown | 13.24 | 2.78 | +10.45 |
| Martin ratioReturn relative to average drawdown | 71.33 | 12.44 | +58.89 |
Dividends
Dividend History
Janus Henderson AAA CLO ETF provided a 4.99% dividend yield over the last twelve months, with an annual payout of $2.53 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $2.53 | $2.68 | $3.22 | $3.07 | $1.35 | $0.61 | $0.13 |
Dividend yield | 4.99% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Janus Henderson AAA CLO ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.18 | $0.19 | $0.20 | $0.20 | $0.20 | $0.00 | $0.98 | ||||||
| 2025 | $0.00 | $0.21 | $0.22 | $0.24 | $0.25 | $0.22 | $0.22 | $0.21 | $0.22 | $0.23 | $0.22 | $0.44 | $2.68 |
| 2024 | $0.00 | $0.27 | $0.26 | $0.27 | $0.27 | $0.26 | $0.28 | $0.26 | $0.28 | $0.27 | $0.25 | $0.54 | $3.22 |
| 2023 | $0.00 | $0.22 | $0.21 | $0.23 | $0.25 | $0.25 | $0.25 | $0.26 | $0.27 | $0.28 | $0.26 | $0.57 | $3.07 |
| 2022 | $0.00 | $0.04 | $0.03 | $0.04 | $0.06 | $0.06 | $0.09 | $0.11 | $0.15 | $0.15 | $0.17 | $0.44 | $1.35 |
| 2021 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.06 | $0.12 | $0.61 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Janus Henderson AAA CLO ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Janus Henderson AAA CLO ETF was 2.64%, occurring on Jul 19, 2022. Recovery took 107 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -2.64%Jul 2022 | 5mo 12d | 5mo 3d | 10mo 15dFeb 2022 - Dec 2022 |
2025 selloff2025 | -1.46%Apr 2025 | 7d | 19d | 26dApr 2025 - Apr 2025 |
2023 pullback2023 | -0.99%Mar 2023 | 1mo 5d | 23d | 1mo 28dFeb 2023 - Apr 2023 |
Bear market2022 | -0.52%Dec 2022 | 4d | 14d | 18dDec 2022 - Jan 2023 |
2020 pullback2020 | -0.50%Nov 2020 | 14d | 8d | 22dOct 2020 - Nov 2020 |
Drawdown Indicators
| JAAA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.64% | -56.78% | +54.14% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -9.10% | +8.71% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -18.90% | +17.44% |
Max Drawdown (5Y)Largest decline over 5 years | -2.64% | -25.43% | +22.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -10.71% | +10.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 2.03% | -1.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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